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MAI Q2 agchem sales jump 22%

Makhteshim-Agan Industries’ (MAI) second-quarter agrochemical sales jumped by 21.5% to $673.7 million compared with the same period last year. They accounted for 93.2% of all sales, which were up by just over 20%. Volumes contributed $105 million, currency effects $16 million, and price increases $1 million to the growth in total sales. The rise in total sales included first-time consolidation of revenues from the acquired Korean and Mexican businesses of last year ( Agrow No 605, p 2).

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